Form 4: L3Harris Director Receives Equity Retainer Grant
Statement of Changes in Beneficial Ownership
Director Christina L. Zamarro was granted 661 share units as part of the company's non-employee director equity-based retainer.
Summary
- Director Christina L. Zamarro acquired 661 director share units on May 11, 2026.
- The units were granted as part of the non-employee director's equity-based retainer.
- The units are scheduled to vest on May 11, 2027, contingent upon continued service.
- Upon vesting, the units will be deferred and settled in common stock upon the director's separation from service with the company.
- Following this transaction, the director's total beneficial ownership is 6,114.89 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation with no impact on company operations or financial outlook.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
- Standardized director compensation structure.
Negatives
- None identified.
Risks
- Vesting is subject to the director's continued service with the company.
Future Outlook
The director share units are expected to vest on May 11, 2027, with settlement occurring upon the director's eventual separation from the company.
Management Comments
- The transaction represents an award of director share units in respect of the non-employee director's equity-based retainer.
Industry Context
StockSavvy.ai notes that this is a routine disclosure of director compensation, consistent with standard corporate governance practices in the aerospace and defense sector.
Comparison to Industry Standards
- The use of deferred share units for non-employee directors is a common practice among S&P 500 companies to ensure long-term alignment.
- The grant size and structure are consistent with typical compensation packages for directors at large-cap defense contractors like Lockheed Martin or Northrop Grumman.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Authorization of attorneys-in-fact to file Section 16 reports on behalf of the director. | 2025-04-03 | Standard administrative procedure to ensure timely regulatory compliance. |
Stakeholder Impact
- No material impact on shareholders, employees, or creditors.
Next Steps
- Vesting of the 661 share units on May 11, 2027.
Key Dates
| Date | Description |
|---|---|
| 2025-04-03 | Date of Power of Attorney execution. |
| 2026-05-11 | Date of transaction and initial vesting milestone. |
| 2027-05-11 | Scheduled vesting date for the granted share units. |
Keywords
L3Harris Technologies, LHX, Director Compensation, Form 4, Equity Grant, Insider Transaction
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